I'm expecting a near term pop back to $198-$205 in MCD simply because everything else is overbought and MCD yields 2.36% while it fills the gap back up to the previously stated levels. Just my hypothesis. Do your own DD.
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It's fighting to get back into previous channel. Again, it makes sense to base here and then jump back into the channel in a day or so.
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RSI trending up, making a bullish cross up. Looks good for a nice near-term reversal.
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Here is my projection for MCD action today. Goodluck to all. THIS IS NOT TRADING ADVICE!